Fast Search & Transfer, a developer of search technologies, has acquired Platefood Limited. Platefood Limited was set up as a joint investment in 2005 by Schibsted SØK AS, Sensis Pty and FAST to offer online search services and search-based advertising solutions to media and online directories companies.


Fast Search & Transfer, a developer of search technologies, has acquired Platefood Limited. Platefood Limited was set up as a joint investment in 2005 by Schibsted SØK AS, Sensis Pty and FAST to offer online search services and search-based advertising solutions to media and online directories companies.

Financial Summary of the Platefood Acquisition

“FAST has acquired all the remaining shares in Platefood Limited including 19.99% from Schibsted SØK AS and 61.01% from Sensis Pty Ltd for € 8,100,000 in cash.” [source]

FAST is going to integrate the Platefood business into its current operations.

Platefood Performance, a search monetization and advertising solution for selling, managing and delivering pay-for-performance advertising, will support FAST’s Enterprise Search Platform.

Joseph Lacson, chief financial officer, FAST, said: “The Platefood acquisition is a step forward in our ongoing growth strategy. We expect that through 2010, search-based monetization and advertising solutions will be one of our fastest growing market segments and an integral part of the FAST solution portfolio,

This enables FAST to broaden its solution offerings for media, entertainment, and telecommunications companies and positions us to deliver continued explosive growth”. [source]

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FAST Search Press Release

About FAST

Fast Search & Transfer is a developer of enterprise search technologies and solutions. FAST ESP elevates the search capabilities of enterprise customers and connects people to the relevant information they seek regardless of medium.

 

 

 

 

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